Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
The impact of globalization on human resource management
Importance of human resource function
Impact of Globalization on Human Resource Management Bhushan Kapoor
Don’t take our word for it - see why 10 million students trust us with their essay needs.
The success of any organization depends on its people working in with their knowledge, skills and abilities. Any organization cannot have a good team management without its good Human Resources. Management of human resources is necessary in every organization in order to achieve its organizational objectives. Managing people working in an organization is a big challenge for the HR managers ensuring that their company has a high-quality workforce. The major responsibility of HR managers is to think about their employees, their work relationships, their feelings and emotions, and their ideas and differences. That is why the Human Resource Management is important in an organization.
Human Resource Management is a management function that tries to accomplish the organization’s requirements to the skills and abilities of its workers. In this organizational world, people are bounded by organizations and doing their roles as members, employees, managers or customers. They spend most of their time in an organization in order to supply the goods and services to other people outside the organization. The important thing is to analyze that the way organizations treat their people has a great impact on organizational performance. Organizations must value their people, respect them and motivate them in order to achieve its goals. The high-performance work practices must be there to lead both high individual and high organizational performance. These practices illustrate the commitment of involving employees in an organization, improving their knowledge, skills and abilities, increasing their motivation, and encouraging them to work efficiently and effectively. If organizations do not take their HRM responsibilities seriously, then the perform...
... middle of paper ...
...pensation and benefits: The sufficient wages and benefits must be given to employees for achieving higher standard of living and motivating them to show greater productivity.
• Health, social safety and needs of employees must be given.
An organization’s success starts with its people working in it and without them organizations would not exist. All organizations adopt different strategies to compete in the global market through the people. In the present diversity of human resources management, business firms accept the policies and practices according to the culture and environment. The globalization, environmental and moral challenges, and political and economic uncertainties are other issues which also tackled by today business firms. Organizations totally depend on the human resources to face the challenges of industrialization and globalization of business.
While there are many various global issues that affect the International Human Resource Management to run efficiently, there are two key concepts that play a major role in understanding how to approach them with cohesive and a well coherent strategy; they are the International Human Recourse Management Strategy and Understanding the Cultural Environment. In the International Resource Management strategy, many companies will do their research in finding companies that offer the following:
In conclusion, Human Resources department plays a significant role in the organization providing a wide range of valuable services to employees in various functional areas such as recruiting and training people, developing public relations, performance appraisals, maintaining workplace atmosphere, employee relations, benefits administration and much more. More than likely, HR essentially contributes to organization’s strategies and objectives through promotion of leadership activities, building friendly workplace environment and ensuring an efficient management of talented employees overall. As a strategic asset of a company, HR improves the human capital utilization and establishes the competitive workforce based on business and market demand.
This paper is about leading people through a management system called Human Resource (HR), that does more than payroll, design training, and avoiding lawsuits. It provides essential components that will ensure that human talent is used effectively and efficiently to accomplish organizational goals. It is a case study of the Rio Tinto company 's Human Resources global approach after a significant downsizing in 2008.
The study of cross-cultural is very relevant to ensuring organizations success in this recession driven economy. In order for organizations to grow they must be able to adapt to the countries which hold the world’s purse strings. For human resources managers to be proficient in the role of a global human resources manager, it would be better to learn early in a career. The knowledge of being flexible in the position of a human resources manager is essential in establishing a global company’s rules, regulations, and strategic plans in another location. Public and private sector organizations would benefit from having global human resources managers due to the cultural sensitivities that they would bring to the organization while abroad. Furthermore, being a global administrator not only translates to being a culturally relative human resources manager, but a culturally relevant human being.
Human Resources Management (HRM) have been increasing aware by Business Studies and Organisation Management approaches because it closely related to organisational daily and organisational performances (Kalleberg & Moody, 1994). Human resources practices are suggested have influences on improving organisational performances in most organisations. Basically, oorganisational performances refer to the outcomes of employees performances and daily working which reflect the ability of one organisation fulfil its objectives and goals, such as employee’s performances, productivities, employee’s job satisfaction, financial outcomes (Huselid, 1995).
The management team aims to employ the right persons for the right job to ensure goals are achieved effectively. Human resource management will not just employ employees but will also be responsible in developing and utilizing every individual’s capabilities and talents and bring the most out of it. By doing so, this will help to boost employee morale, motivate each of them to do their best and make them feel that they are not just an employee but also making them feel that they are being treasured and valued which will lead to the attainment of the business
An organizational human resources department utilizes the hiring and firing process to meet the organization’s personnel needs. Organizational human resource departments are charged with the oversight of an organizations administration department. The practice of hiring and firing people is a process employer’s conducts on a daily basis. This process has to be done in a proper manner and not in haste. The implication that can occur from the improper hiring and firing process could and can have a positive or negative impact on an organization. Therefore, employers must carefully evaluate their decision to hire/fire individuals and its impact on the organizations’ workplace environment and others employees. Human Resource Management is important for an effective organization. In today’s organization, HRM is valuable to the organization because of increase legal complexities and its known for improvement in productivity. However, management should realize that poor human resource management could result in an outburst of hiring process followed by firing or layoffs. According to (Satterlee 2013, p. 194), “Hiring the best candidate who is also a good fit for the organization is crucial for the success of an organization, because a poor hiring decision will have repercussions across the entire organization”. Satterlee made a valid point because poor hiring could have an impact on the bottom line performance of the firm. In other words, HRM is the contributing factor to the success of the organization including motivating and maintain the staffs. The purpose to the motivation is to ensure that all employees grow to a full potential. According to (Sims 2006, p. 5), “HRM efforts are planned, systematic approaches to increasing organizati...
The main purpose of Human Resource Management is to increase the effectiveness and contribution of employee’s attainment of organizational goals and objective (Youssef, C.). Many areas of HRM have been discussed in this course. Those areas are EEO and Affirmative action, Human resource planning, recruitment, and selection, Human resource development, compensation and benefits, safety and health, and employee and labor relations. All these categories have an impact on how an organization is managed. Although there are many things that impact a business, the most important thing about managing a business is selecting the right people to help the company succeed.
The success of a business depends on the capability of its employees. A businesses success is anchored on the input of his manpower separate from the technological needs. Capital and technology can be generated, however, it is human resources that are necessary for the success of and propelling through the challenges an organization might face. Essentially, nowadays cautious administration of employees’ vital asset requires a key Spotlight on Human Resources Management in a firm. Past exploration on HRM acknowledged that workers make a vital wellspring of upper hand for companies.
The Importance of the Human Resource Function Human resources are the backbone of any business. It deals with the most important resource in the business – people. For any business to achieve its objectives they must plan their resources and one of their key resource is people. They need to get the right people and develop. them well in order to meet the organisation’s aims successfully.
Human resource is the most valuable and unique asset of an organization. The successful management of an organization’s human resource is an exciting, dynamic and challenging task , especially at a time when the world has become a global village and economies are in a state of flux. The lack of talented resource and the growing expectation of the modern day employee has further increased the difficulty of the human resource function.
Human resource management is the strategic and coherent approach to the management of an organization's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and "human resources" (HR) have largely replaced the term "personnel management" as a description of the processes involved in managing people in organizations. Human Resource management is evolving rapidly. Human resource management is both an academic theory and a business practice that addresses the theoretical and practical techniques of managing a workforce. (1)
In dynamic, global competitive markets, successful organizations are likely to be staffed with managers capable of adapting to constantly evolving roles, and with the capacity to achieve and sustain optimal levels of performance. The global market place has currently impacted the practice of human resources management in the United States and will continue in the next ten years.
Human Resource Management (HRM) is fundamentally another name for personnel management. It is the process of making sure the employees are as creative as they can be. HRM is a way of grouping the range of activities associated with managing people that are variously categorised under employee relations, industrial/labour relations, personnel management and organisational behaviour. Many academic departments where research and teaching in all these areas take place have adopted the title department of human resources management. HRM is a coordinated approach to managing people that seeks to integrate the various personnel activates so that they are compatible with each other. Therefore the key areas of employee resourcing, employee development, employee reward and employee involvement are considered to be interrelated. Policy-making and procedures in one of these areas will have an impact on other areas, therefore human resources management is an approach that takes a holistic view and considers how various areas can be integrated.
Whether an organization consists of five or 25,000 employees, human resources management is vital to the success of the organization. HR is important to all managers because it provides managers with the resources – the employees – necessary to produce the work for the managers and the organization. Beyond this role, HR is capable of becoming a strong strategic partner when it comes to “establishing the overall direction and objectives of key areas of human resource management in order to ensure that they not only are consistent with but also support the achievement of business goals.” (Massey, 1994, p. 27)